Alphabet Inc (NASDAQ:GOOGL) Shares Sold by Farmers Trust Co.

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Farmers Trust Co. decreased its position in Alphabet Inc (NASDAQ:GOOGL) by 4.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 6,567 shares of the information services provider’s stock after selling 273 shares during the period. Alphabet comprises about 2.3% of Farmers Trust Co.’s investment portfolio, making the stock its 7th biggest holding. Farmers Trust Co.’s holdings in Alphabet were worth $8,795,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of GOOGL. Eagle Capital Management LLC boosted its stake in Alphabet by 0.6% in the 2nd quarter. Eagle Capital Management LLC now owns 3,050 shares of the information services provider’s stock worth $3,303,000 after purchasing an additional 17 shares during the period. Kanawha Capital Management LLC boosted its stake in Alphabet by 2.5% in the 2nd quarter. Kanawha Capital Management LLC now owns 6,015 shares of the information services provider’s stock worth $6,513,000 after purchasing an additional 146 shares during the period. Pictet Asset Management Ltd. boosted its stake in Alphabet by 1.2% in the 2nd quarter. Pictet Asset Management Ltd. now owns 288,868 shares of the information services provider’s stock worth $312,786,000 after purchasing an additional 3,342 shares during the period. Sterling Capital Management LLC boosted its stake in Alphabet by 0.3% in the 2nd quarter. Sterling Capital Management LLC now owns 8,450 shares of the information services provider’s stock worth $9,150,000 after purchasing an additional 28 shares during the period. Finally, VisionPoint Advisory Group LLC acquired a new stake in shares of Alphabet during the 2nd quarter valued at $249,000. 33.55% of the stock is owned by hedge funds and other institutional investors.

GOOGL stock opened at $1,439.20 on Thursday. The company has a current ratio of 3.78, a quick ratio of 3.75 and a debt-to-equity ratio of 0.07. Alphabet Inc has a 1 year low of $1,027.03 and a 1 year high of $1,442.63. The company has a fifty day simple moving average of $1,356.66 and a 200 day simple moving average of $1,248.24. The firm has a market cap of $986.66 billion, a PE ratio of 30.29, a PEG ratio of 1.56 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Monday, October 28th. The information services provider reported $10.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.42 by ($2.30). Alphabet had a net margin of 21.04% and a return on equity of 18.34%. The business had revenue of $33.01 billion during the quarter, compared to analyst estimates of $32.84 billion. During the same period in the previous year, the firm posted $13.06 EPS. As a group, analysts forecast that Alphabet Inc will post 49.03 EPS for the current fiscal year.

A number of equities research analysts have issued reports on GOOGL shares. Jefferies Financial Group lifted their target price on shares of Alphabet from $1,500.00 to $1,550.00 in a research note on Tuesday, October 29th. Canaccord Genuity raised shares of Alphabet from a “hold” rating to a “buy” rating in a research note on Friday, January 3rd. Monness Crespi & Hardt set a $1,360.00 target price on shares of Alphabet and gave the company a “buy” rating in a research note on Monday, October 21st. Raymond James reissued an “outperform” rating on shares of Alphabet in a research note on Wednesday, October 30th. Finally, Cleveland Research started coverage on shares of Alphabet in a research note on Friday, December 20th. They set a “neutral” rating and a $1,423.00 target price for the company. Six research analysts have rated the stock with a hold rating and thirty-nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $1,438.05.

Alphabet Company Profile

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

Further Reading: Correction

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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